IBC's Hospital Quality Incentive Performance Program Continues to Take Root

Across the Region

PHILADELPHIA, May 30 /PRNewswire/ -- Independence Blue Cross (IBC) and
Holy Redeemer Health System (Holy Redeemer) recently announced that they
have reached agreement on new contracts that include an important new
hospital-quality-based incentive payment component. The new agreements took
effect May 1, 2008, and will span nearly three years to January 1, 2011.

"We've enjoyed a positive, long-term relationship with Holy Redeemer
and we are pleased that the new agreement ensures the health system's
continued participation in our strong network of high-quality hospitals and
physicians," said Joseph A. Frick, president and chief executive officer at
IBC. "We are committed to supporting our provider partners in delivering
increasingly high-quality care to our members. To that end, this new
agreement marks Holy Redeemer's first-time participation in our
quality-based incentive payment program for hospitals, and we are excited
to reward them for providing our members quality care using this
merit-based incentive compensation approach."

"This collaborative agreement provides IBC members continued access to
the compassionate, quality care and innovative programs that are the
hallmark of Holy Redeemer," said Michael Laign, president and chief
executive officer for the health system. "With our demonstrated success in
the areas of patient safety and infection control, we look forward to
continuing our strong partnership with IBC and caring for their members and
customers who depend on us for progressive solutions to their health care
needs."

Holy Redeemer Hospital and Medical Center is a full-service hospital
comprised of acute, ambulatory and emergency care services and a staff of
more than 400 physicians. The hospital offers specialty care services in
cardiovascular, oncology, orthopedics, pediatrics and maternity services
and other specialized services including comprehensive outpatient
community-based diagnostics and rehabilitation programs.

About Holy Redeemer Health System

Holy Redeemer Health System provides a wide range of innovative, high
quality health care and health-related services to improve the lives of
patients, residents and clients.

Continuing the mission to care, comfort and heal begun in 1924 by the
sponsors, the Sisters of the Holy Redeemer, Holy Redeemer Health System
utilizes the latest technology to offer a unique combination of advanced
clinical services and compassionate care. Services are delivered through an
acute care hospital; home health and hospice services; two skilled nursing
facilities; assisted living; a retirement community; low-income housing; an
active living community; and a transitional housing program for homeless
women and children.

With corporate offices in Huntingdon Valley, PA, Holy Redeemer Health
System is a Catholic healthcare provider serving southeastern Pennsylvania
and 11 counties in New Jersey, from Union County south to Cape May County.

About Independence Blue Cross

Independence Blue Cross is a leading health insurer in southeastern
Pennsylvania. IBC and its affiliates provide coverage to nearly 3.4 million
people. For 70 years, Independence Blue Cross has offered high-quality
health care coverage tailored to meet the changing needs of members,
employers, and health care professionals. Independence Blue Cross is an
independent licensee of the Blue Cross Blue Shield Association, an
association of independent Blue Cross and Blue Shield Plans.

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